Starting a hot shot truck driving business involves obtaining a U.S. Department of Transportation number, insuring the business, employing process agents and marketing the business. You need to raise enough capital before attempting to start this business.Continue Reading
Obtaining the U.S. Department of Transportation, or USDOT, number involves applying for the same to the Federal Motor Carrier Safety Administration, or FMCSA. One way to apply for the number is to visit the website of the FMCSA and complete the application online. Alternatively, send form MCS-150 to the FMCSA through email to complete the application. When sending the application, be sure to attach form OP-1.
Insuring the business helps to compensate for any damages that may occur in the course of the business operation. Upon acquisition of the USDOT number and insurance policy, submit the insurance proof to the FMCSA through the insurance agent. The process agents help in taking service requests from clients who need hot shot trucking services. Be sure to station the agents in various states where your truck passes. Then, complete and submit form BOC-3 to the FMCSA.
Marketing the business may involve applying for hauling contracts to manufacturing companies, stores and warehouses within your area. It may also involve attending industry conferences and announcing your business services at the conferences, and advertising the business on social media.Learn more about Managing a Business